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16 04 11:04
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Daily economic digest from Forex.ee

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The EUR/USD pair trades within tight range of 1.2324-42, however, showing minor gains this Monday. Today renewed risk-off sentiment remains the key driver across the market on the back of fresh developments on the Middle East and lack of information on the US-China trade conflict. According to latest news headlines, this weekend the US conducted coordinated air strike on the Syrian chemical weapons facilities. Nevertheless, the market showed limited reaction on the latest US actions, as it was widely expected, especially after latest US President D.Trump’s tweets, where he clearly hinted on a possible air strike on Syria. In the day ahead, the EZ data calendar won’t be able to surprise the market with any macroeconomic releases, while the US will publish retail sales numbers, which will from pair’s further trajectory during the NA session.

 

The GBP/USD pair remains positive for the seventh session in a row, trading in the region of its 3-month highs, marked at 1.4296 spot during previous trading session. The positive tone of the pair could be mostly attributed to subdued dynamics of the US dollar, which failed to extend its recovery after notable drawdown, witnessed last week. On the other hand, further growth of the pair looks unlikely, as broad risk aversion, sparked by weekend’s developments in the Middle East, is weighing on the risky pound. However, in the week ahead investors will closely look for the UK important data releases, featuring data from the labor market, the CPI report and retail sales numbers, which will be especially interesting in view the BoE next policy meeting. But today, the UK calendar won’t bring us anything interesting, while the US will publish retails sales numbers, which will be able to spark some volatility on the pair during the NA session.

 

The NZD/USD pair was trading mostly unchanged in Asia within the range of 0.7346-63, as risk-off environment continues to form widespread market trend. Today investors are digesting the latest news, saying that the US performed coordinated air strike on Syria this weekend, which sparked fresh risk aversion, thus limiting any gains of the higher-yielding Kiwi. However, the reaction on fresh developments in the Middle East was limited, as investors had already priced in actions from the US side, especially after Mr.Trump’s tweets, where he clearly hinted on a possible air strike. Adding to this, slight retreat of oil prices from the region of its 3-year tops also weights on the commodity-linked currency of New Zealand this Monday. On the data front, today the US will release retail sales data during the NA session, which will be able to set up pair’s further direction, but until then widespread trend will continue to lead the pair.

 

The dollar/yen pair seems to have caught wave of bids on the back of broad demand for safety. Today the pair refreshed its intraday lows at 107.13, as traders are digesting weekend’s developments in the Middle East. As it was reported, the US conducted an air attack on Syria, with backing from Britain and France. This news sparked fresh risk aversions, thus supporting the yen, as the safe-haven currency. However, seems that the market reaction was limited and the pair stalled its retreat near the lower end of its daily range, as markets were awaiting these actions from the US, especially after D.Trump’s comments, threating with missile strike on Syria in response to chemical attack by the Syrian regime. It is expected that the broad market trend will continue to navigate the pair this Monday, while important reports from the US will also be able to bring some trading opportunities during the NA session.

 

Major events of the day:

US Core Retail Sales – 15.30 (GMT +3)

US Retail Sales – 15.30 (GMT +3)

 

Support and resistance levels for the major currency pairs:

EURUSD               S. 1.2288 R. 1.2366

USDJPY                 S. 106.86 R. 108.00

GBPUSD               S. 1.4174 R. 1.4326

USDCHF               S. 0.9579 R. 0.9657

AUDUSD              S. 0.7716 R. 0.7830

NZDUSD               S. 0.7312 R. 0.7414

USDCAD               S. 1.2527 R. 1.2659

 

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OCTL2P Installation and Activation Print

One Click Trading Level2 Plugin

One Click Trading is a very important and useful tool developed on the basis of Level2 application. One Click Trading makes it very easy to monitor the markets and react to the market changes on time. One click is enough to catch the best price and make a beneficial trade.

Installation and activation

To install OCTL2P you should download setup file to your computer and run it to start the installation. Click Next in the installation dialog box. Before installing OCTL2P we suggest you close all running applications including MT4 terminals.

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Read the license agreement, select the check box I accept the agreement and click Next to proceed.

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Indicate directory where you previously installed MetaTrader 4. To start the installation click Install.

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When the installation process is finished, the Next button will be activated.

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Click Finish to close the installation dialog box. Activate Launch MT terminal option if you want MT4 launched after you click Finish.

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Before you activate OCTL2P, please, check the settings: launch the MT4 trading platform, from main menu choose Tools → Options, in the opened window select the Expert Advisors tab and switch on the Allow automated trading and Allow DLL imports options and click OK.

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To activate the Expert Advisor in the Navigator window, click Expert Advisors. Installed EA should be seen in the list. Double-click on OneClickTradingLevel2 or simply drag and drop it onto the chart. Click OK.

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If the EA is activated successfully, a smiley will be seen in the top right corner of the chart.

MT4 Installation Print

Trading platform MetaTrader 4

Metatrader 4 is a modern and easy-to-use trading platform for online trading. It ensures round-the-clock access to financial markets and market information as well as quick order execution. With Metatrader 4 traders may take advantage of using Expert Advisors, Indicators and develop their own trading strategies.

System requirements: Microsoft® Windows® XP or later.

Installation

To install Trading platform ForexEE MT4 you should download setup file to your computer and run it to start the installation. Click Next in the installation dialog box.

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Read the license agreement, select the check box Yes, I agree with all terms of this license agreement and click Next to proceed.

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Please indicate installation directory for MetaTrader4 and choose name for Start Menu folder Start → All Programs. We recommend using the default installation settings. Also select a relative check box if you want to Create a desktop shortcut, Оpen MQL5.community website or Launch program after successful installation. Click Next.

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Now the program is downloading all necessary files from our server and installing them on your PC. Click Finish when installation is complete. Congratulations! MT4 has been successfully installed on your computer.

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